---
schema_version: "secwatch.filing_event.v1"
accession: "0000278166-24-000004"
form_type: "8-K"
ticker: "CVCO"
cik: "0000278166"
company_name: "CAVCO INDUSTRIES, INC."
filed_at: "2024-02-01T23:59:59+00:00"
generated_at: "2026-06-06T11:42:59.394888+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cavco Q3 revenue down 10.8% to $447M; EPS $4.27 vs $6.66; new $100M buyback authorized

## Summary
- Net revenue $447M (-10.8% YoY); net income per diluted share $4.27 vs $6.66 in prior year.
- Factory-built housing gross margin fell to 22.4% from 25.5%; financial services margin dropped to 36.8% from 46.6%.
- Backlog $160M at quarter end; orders written on same-plant basis highest in six quarters.
- Board approved new $100M stock repurchase program, bringing total authorization to $139M including prior remaining.
- Company repurchased ~$50M of stock during the quarter.

## SEC filing metadata
- accession: 0000278166-24-000004
- form_type: 8-K
- ticker: CVCO
- cik: 0000278166
- company_name: CAVCO INDUSTRIES, INC.
- filed_at: 2024-02-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/278166/000027816624000004/0000278166-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/278166/000027816624000004/cvco-20240130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000278166-24-000004
- JSON: https://secwatch.observer/filing/0000278166-24-000004.json
- Plain text: https://secwatch.observer/filing/0000278166-24-000004.txt

## Key facts
- Earnings Releases
  CAVCO INDUSTRIES, INC. reported the third fiscal quarter ended December 30, 2023 results: revenue $447 million, net income $35,987 thousand, EPS $4.27.
  - Period: the third fiscal quarter ended December 30, 2023
  - Revenue: $447 million
  - Net income: $35,987 thousand
  - EPS: $4.27
  - Result: reported results
  source text: CVCO) ("we," "our," the "Company" or "Cavco") today announced financial results for the third fiscal quarter ended December 30, 2023. Third Quarter Summary • Net revenue was $447 million, down $54 million or 10.8% compared to $501 million in the third quarter of the prior year. • Factory-built housing Gross profit as a percentage of Net revenue was 22.4%,
  evidence_url: https://www.sec.gov/Archives/edgar/data/278166/000027816624000004/0000278166-24-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.